All Forum Posts by: Greg Anderson

Fix and Flip, 80% loan to value for purchase, 80% of repairs, Interest only payments, 625 minimum FICO score, need 6 months of liquid reserves, minimal info needed to apply, AL, CO, CT, DC, FL, GA, IL, IN, KS, KY, LA, MD, MA, MI, MO, NE, NJ, NC, OH, OK, PA, SC, TN, TX, WA, WV, WI. Other states coming soon.

Blanket loan product can be used for purchase of new investment properties or refinance of existing investment properties. You can place 3 or more (unlimited #) of these properties into one loan, one note, one payment. Max LTV is 75%. $300,000 minimum loan amount. $40,000 minimum property value. Refinance can be used for lowering overall payments or for cash out. Purchase allows investor to buy 3 or more properties with one loan. Rates are competitive. Send me a spread sheet of your properties and I will tell you if the loan can be done. You can e-mail me direclty at [email protected] if you wish.

Derrick: I am direct to the lender. I do charge a fee. The fee depends on the loan size....Greg

John: We do not lend on lots. Must be SFH, condo, townhouse, etc, with rental income. No ARV at all. This is not a fix and flip product of any kind. Full appraisals are done on each property. You can sell a property in the group as long as the lender approves the replacement property. There is no time limit on this loan. It is ongoing.....Greg

no quick funny money Frank.

Hi Gary: Here are your answers:

1. High 5's to mid 6's

2. 75% is the maximum. 

3. Either 30 year amortization or we have had some 70% and lower LTV approvals for interest only.

4. Not sure there is a minimum FICO, but I doubt the lender will go below 600.

thanks, Greg

Yes it does Aaron. As long as you are prepared to put all 5 in the "blanket" loan and the total loan amount is over $300,000, we are good. 

This loan allows for the purchase of new investment properties or the refinance of existing properties to be placed into one loan with one payment for all properties, including taxes and insurance. 5 property minimum. $300,000 minimum loan amount.  No maximum loan amount.  No maximum # of properties. Purchase or refinance or combination of the two. Rates are competitive. Use for cash out to buy more properties or to lower monthly payments or to buy investment properties with existing cash.   

"Blanket" loans are very popular in the investment community. Normally used for refinance, they allow the investor to place 3 or more existing properties (# of properties is unlimited) into one loan and one note. This can be used to increase cash flow or to take cash out of existing properties to buy more. Minimum loan amount is $300,000. Maximum loan amount can go into the millions with enough properties in the blanket loan.

Chadd: It looks like you are seeking an 86% Loan to Value. I have a blanket loan available that will allow for the purchase of all 10 properties in one loan, one note. However, the maximum LTV is 75%. Let me kow if that interests you.....thanks, Greg